Papaya Gaming
A mobile gaming platform for skill-based tournaments with real-money prizes on classic games.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
N/A | Seed | ||
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 260 % | 52 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
Related Content
Papaya Gaming develops and publishes mobile games that are centered around skill-based, real-money tournaments. The company takes classic and popular casual games, such as Solitaire and Bubble Shooter, and integrates a competitive layer where players can compete against each other for cash prizes. This model targets mobile gamers who are looking for more than just a casual experience, offering them a way to monetize their skills.
The primary business model is built on creating a competitive environment that encourages player spending. Revenue is likely generated through a commission or fee taken from the real-money tournaments hosted on their platform. By transforming familiar single-player games into multiplayer, skill-based competitions, the company increases player engagement and retention. The market is the global mobile gaming industry, with a specific focus on the growing segment of skill-based and real-money gaming.
Keywords: mobile gaming, skill-based gaming, real-money tournaments, casual games, competitive gaming, player retention, game monetization, Solitaire Cash, Bubble Cash, game development